Data Patterns (India) Limited IPO

 

Data Patterns – An Overview

Data Patterns is one of the popular defence and aerospace component manufacturers of India. The company was incorporated in 1985, and one of its notable promoters is the former senior fund manager of Blackstone Inc., Mathew Cyriac.

The product portfolio of Data Patterns is extensive and includes the following –

• Fibre Optics
• Radars and Subsystems
• Electronic Warfare
• Avionic Systems
• Communication Products
• COTS Boards
• RF and Microwave
• ATE and Test Systems
• Cockpit and Rugged Displays
• Laser and Electro-Optic Systems
• Space Systems
• Naval Systems
• Gimbal and Actuator Controller Products
• Digital IF Processors and Waveform Generators
• Navigation Systems

Competitive Strengths:

• Strategic defense & aerospace electronics solutions provider, well-positioned to benefit from the Make in India opportunity.
• Innovation focussed business model
• Sound order book with orders from several prestigious customers in the Indian defense ecosystem
• The modern certified manufacturing facility of international standards
• Track record of profitable growth
• Experienced management team and skilled workforce

 

Company Promoters:

Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3,558.00	3,283.71	2,953.63	2,774.27
Total Revenue	971.72	2,265.50	1,601.92	1,325.09
Profit After Tax	232.09	555.71	210.48	77.02

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;

• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
• Funding working capital requirements of the company.
• Upgrading and expanding company’s existing facilities at Chennai.
• Meet general corporate purposes.

Data Patterns IPO Details

IPO Opening Date	Dec 14, 2021
IPO Closing Date	Dec 16, 2021
Issue Type	Book Built Issue IPO
Face Value	₹2 per equity share
IPO Price	₹555 to ₹585 per equity share
Market Lot	25 Shares
Min Order Quantity	25 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹2 (aggregating up to ₹588.22 Cr)
Fresh Issue	[.] Eq Shares of ₹2 (aggregating up to ₹240.00 Cr)
Offer for Sale	5,952,550 Eq Shares of ₹2 (aggregating up to ₹348.22 Cr)
QIB Shares Offered	Not more than 50% of the offer
Retail Shares Offered	Not less than 35% of the offer
NII (HNI) Shares Offered	Not less than 15% of the offer

Data Patterns IPO Tentative Timetable

The Data Patterns IPO open date is Dec 14, 2021, and the close date is Dec 16, 2021. The issue may list on Dec 24, 2021.

IPO Open Date	Dec 14, 2021
IPO Close Date	Dec 16, 2021
Basis of Allotment Date	Dec 21, 2021
Initiation of Refunds	Dec 22, 2021
Credit of Shares to Demat Account	Dec 23, 2021
IPO Listing Date	Dec 24, 2021

Data Patterns IPO Lot Size

The Data Patterns IPO market lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190,125).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	25	₹14,625
Maximum	13	325	₹190,125

Data Patterns IPO Promoter Holding

Pre Issue Share Holding	58.63%
Post Issue Share Holding	45.62%

How to Apply for  IPO?

You can apply for the IPO in these ways:

Demat Account

If you’re a new investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z to begin your investment journey.

UPI

Alternatively, you can apply for IPO through UPI. First, you need to connect your bank account with a preferred UPI platform. Then, link it with your Angel One account. After that, you can use the UPI option present on the Angel One website and app to subscribe to IPO.

Finally, go to the UPI app to book shares for the IPO.